Exercise $7-21($AIgO$)$ Complete the accounting cycle using long$-$term asset transactions $($LO$7-4,7-7)$

On January $1,2024,$ the general ledger of TNT Fireworks includes the following account balances:

$\backslash$table$[[$Accounts$.,$Debit,Credit$],[$Cash$,$$$59,200,],[$Accounts Receivable,$26,000,],[$Allowance for Uncollectible Accounts,$36,800,$$$2,700$Required information

Exercise $7-21($Algo$)$ Complete the accounting cycle using long$-$term asset transactions $($LO$7-4,7-7)$

On January $1,2024,$ the general ledger of TNT Fireworks includes the following account balances:

$\backslash$table$[[$Accounts$,$Debit,Credit$],[$Cash$,$$$59,200,],[$Accounts Receivable,$26,000,],[$Allowance for Uncollec

Kequirea intormation

Exercise $7-21($Algo$)$ Complete the accounting cycle using long$-$term asset transactions $($LO$7-4,7-7)$

On January $1,2024,$ the general ledger of TNT Fireworks includes the following account balances:

$\backslash$table$[[$Accounts$,$Debit,Credit$],[$Cash$,$$$59,200,],[$Accounts Receivfable,$26,000,],[$Allowance for Uncollectible Accounts,,$],[$Inventory$.,36,800,],[$Notes Receivable $,$ due in $2$ years,$18,000,],[$Land$,160,000,15,300],[$Accounts Payable,,$225,000],[$Common Stock,,$57,000],[$Retained Earnings,,$$300,000$ LLts$,26,000,$$$2,700..$ RReeccoorrdd eennttrryy ttoo cclloossee tthhee eexxppeennssee aaccoouunntt..